410 Burhans BlvdHagerstown, MD 21740

Property Details for 410 Burhans Blvd

Construction

BRICK

Lot size

2.70 AC

Property size (Sq ft)

2,568 SF

Zone code

IR

Property type

Auto shops

APN

25-025229

APU

25025229

Description

This exceptional 2.7-acre industrial property in Hagerstown, Maryland, presents a rare opportunity. Located at 410 N Burhans Blvd, this flex space boasts a substantial building currently configured as a truck repair and shop facility, complete with office space. The expansive lot features a concreted surface perfect for outdoor storage of heavy equipment, trucks, or inventory, potentially even for commercial mini-storage units. The property benefits from a prime location on a busy three-lane road with two convenient entrances, offering excellent visibility and accessibility. A secondary block outbuilding adds to the versatility of this offering. Zoned "IR" (Industrial Restricted), the property includes a deed restriction against concrete/gravel plant use for 25 years. The location is highly advantageous, situated in downtown Hagerstown with easy access to I-81 and I-70, approximately one hour from the Baltimore-Washington Beltway. Additional income is generated from two existing billboards. The property is also conveniently located within 15 minutes of a local airport and approximately 1.5 hours from three international airports. Note that former concrete plant equipment is included "as is, where is". Asking price is $589,500.

• CAP approach

  CAP return

  Valuation

  6%

  $898,479

  6.5%

  $829,365

  7%

  $770,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,293,884

  Geo Method

  $1,293,884

• Alternative Use

  Use

  Valuation

  Residential

  $699,601

  Hospitality

  $640,830

  Educational

  $533,163

  Medical

  $551,500

  Retail

  $829,365

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6498

Longitude

-77.7228

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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